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Parliament proceedings faced disruptions as opposition parties demanded Union home minister Amit Shah’s statement. Rajya Sabha Chairman asked Kiren Rijiju to convey the opposition’s sentiments to the home minister. Mallikarjun Kharge reiterated the demand for a statement and discussion on the police action. Rijiju said Kharge had not cited any rule while making the request.
Gearing up for assembly “gherao” on August 10 in the backdrop of the ineffective redressal, a protester said: “We remain steadfast until the government accepts our demands. We now demand the chief minister’s resignation, as he is unfit for the office he holds. It has been so long since he returned from Bengaluru, yet he…
The Cockroach Janata Party is stepping in as a public pressure group, primarily targeting pressing issues such as unemployment and education reform across the country. Set to launch their ‘Kya Bolti Public’ campaign in September, they aim to engage the youth in dialogue for transparency and accountability. Moreover, the CJP is determined to tackle escalating…
Market Reaction: Sandisk’s AI momentum continues, but forecast leaves Street wanting more
European stock markets extended record gains as optimism over a potential U.S.-Iran peace agreement eased energy supply concerns and strong corporate earnings boosted investor confidence. Deutsche Telekom and Glanbia led sectoral advances, while resilient technology shares and improving earnings expectations supported broader market sentiment ahead of euro zone retail sales data.
SoftBank reported an 18% decline in first-quarter net profit, though earnings exceeded expectations as strong gains from Intel and ByteDance investments offset weaker contributions from OpenAI. The company remains focused on expanding its AI portfolio, with major investments, new financing and long-term commitments reinforcing its artificial intelligence growth strategy, according to Reuters.
Indian markets closed higher with Sensex rising 374 points, while Nifty remained flat due to divergence from the closing auction session. PSU banks outperformed, while auto and realty lagged. Analysts see valuation support holding, with limited RBI impact and cautious FII flows amid high US bond yields and global uncertainty.
FIIs and mutual funds increased stakes in several Nifty Midcap 150 stocks over recent quarters, with many delivering strong returns. Radico Khaitan led the pack, gaining up to 65%.
Zerodha co-founder Nithin Kamath said the sharp swings under the new Closing Auction Session (CAS) reflect structural weaknesses in Indian markets rather than flaws in the mechanism itself. The new 20-minute auction, replacing the earlier VWAP-based close, has caused unpredictable late-day moves and losses for options traders and algo desks, fuelling calls for changes or…
The partnership will target high-tech and manufacturing risks while supporting Indian companies expanding overseas and multinationals operating in India.